Glenn De Pril: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Glenn De Pril
Largest movements
- Stocks and contracts -€16,741
no longer reported in 2025 (was €16,741)
- Tangible fixed assets +€15,046
up €15,046 (+1,954%), from €770 to €15,816
- Receivables within one year -€6,755
down €6,755 (-28.8%), from €23,417 to €16,663
of which Other amounts receivable: -€3,755
- Deferred charges and accrued income +€3,627
up €3,627 (+482%), from €752 to €4,379
- Cash +€3,050
up €3,050 (+13.7%), from €22,253 to €25,303
mainly Stocks and contracts (+€16,741) and Net result for the year (+€15,360)
- Other debts -€18,476
down €18,476 (-95.1%), from €19,427 to €950
- Reserves +€15,360
up €15,360 (+45.9%), from €33,483 to €48,843
- Trade debts +€3,493
up €3,493 (+56.2%), from €6,220 to €9,713
- Tax, wage and social debts -€2,150
down €2,150 (-76.7%), from €2,804 to €654
- Gross operating margin +€7,917
up €7,917 (+43.9%), from €18,020 to €25,938
- Depreciation +€2,105
up €2,105 (+233%), from €904 to €3,010
- Taxes +€1,403
up €1,403 (+40.1%), from €3,497 to €4,900
- Other operating charges +€531
up €531 (+29.7%), from €1,789 to €2,320
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,934 | €62,161 | -€1,773 | -2.8% |
| Fixed assets | 21/28 | €770 | €15,816 | +€15,046 | +1,954% |
| Tangible fixed assets | 22/27 | €770 | €15,816 | +€15,046 | +1,954% |
| Land and buildings | 22 | - | €848 | +€848 | |
| Plant, machinery and equipment | 23 | €388 | €7,815 | +€7,427 | +1,915% |
| Furniture and vehicles | 24 | €382 | €7,153 | +€6,771 | +1,772% |
| Current assets | 29/58 | €63,164 | €46,345 | -€16,819 | -26.6% |
| Stocks and contracts in progress | 3 | €16,741 | - | -€16,741 | |
| Contracts in progress | 37 | €16,741 | - | -€16,741 | |
| Amounts receivable within one year | 40/41 | €23,417 | €16,663 | -€6,755 | -28.8% |
| Trade receivables | 40 | €19,563 | €16,563 | -€3,000 | -15.3% |
| Other amounts receivable | 41 | €3,854 | €100 | -€3,755 | -97.4% |
| Cash at bank and in hand | 54/58 | €22,253 | €25,303 | +€3,050 | +13.7% |
| Deferred charges and accrued income | 490/1 | €752 | €4,379 | +€3,627 | +482% |
| Total equity and liabilities | 10/49 | €63,934 | €62,161 | -€1,773 | -2.8% |
| Equity | 10/15 | €35,483 | €50,843 | +€15,360 | +43.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €33,483 | €48,843 | +€15,360 | +45.9% |
| Distributable reserves | 133 | €33,483 | €48,843 | +€15,360 | +45.9% |
| Amounts payable | 17/49 | €28,451 | €11,318 | -€17,133 | -60.2% |
| Amounts payable within one year | 42/48 | €28,451 | €11,318 | -€17,133 | -60.2% |
| Trade debts | 44 | €6,220 | €9,713 | +€3,493 | +56.2% |
| Suppliers | 440/4 | €6,220 | €9,713 | +€3,493 | +56.2% |
| Taxes, remuneration and social security | 45 | €2,804 | €654 | -€2,150 | -76.7% |
| Taxes | 450/3 | €2,804 | €654 | -€2,150 | -76.7% |
| Other amounts payable | 47/48 | €19,427 | €950 | -€18,476 | -95.1% |
| Non-recurring operating income | 76A | - | €9,765 | +€9,765 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €904 | €3,010 | +€2,105 | +233% |
| Other operating charges | 640/8 | €1,789 | €2,320 | +€531 | +29.7% |
| Gross operating margin | 9900 | €18,020 | €25,938 | +€7,917 | +43.9% |
| Operating profit (loss) | 9901 | €15,327 | €20,608 | +€5,281 | +34.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +64.7% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +64.7% |
| Financial charges | 65/66B | €226 | €348 | +€122 | +54.1% |
| Recurring financial charges | 65 | €226 | €348 | +€122 | +54.1% |
| Profit (loss) for the period before taxes | 9903 | €15,101 | €20,260 | +€5,159 | +34.2% |
| Income taxes | 67/77 | €3,497 | €4,900 | +€1,403 | +40.1% |
| Profit (loss) for the period | 9904 | €11,604 | €15,360 | +€3,756 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,604 | €15,360 | +€3,756 | +32.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.